Award for Most Accurate Economic Forecasting

BBVA Research wins Forecaster Accuracy Award from macroeconomic survey firm Consensus Economics.

The Luxonomist. 06/07/2015
BBVA Headquarters – La Vela, Madrid (Photo: BBVA)

The award recognizes the achievements of BBVA Research and another 12 groups of international economic experts for accurately predicting the performance of GDP growth and Consumer Price Inflation for their targeted economies. Consensus Economics also recognized their ability to most accurately identify the trends and levels of key indicators for the past two years.

New BBVA branch Orense, 58, Madrid (Photo: BBVA)

BBVA Research Spain has received the 2014 Forecaster Accuracy Award (FAA) granted by the global macroeconomic survey firm Consensus Economics. This accolade honors the quality and accuracy with which the experts at BBVA Research have prepared their growth forecast for Spain, as well as their inflation projections. BBVA Research Spain, run by Miguel Cardoso, is comprised of 14 experts who cover practically every sector of the Spanish economy.

BBVA DPC Operations Center (Photo: BBVA)

The FAA also recognized the achievements of firms such as JP Morgan (US), Deutsche Securities (Japan), Berliner Sparkasse (Germany), BNP Paribas (France), Beacon Economic Forecasting (UK), Citigroup (Italy), IHS Economics (Canada), BNP Paribas (Eurozone), Rabobank Nederland (Netherlands), DNB (Norway), National Institute-NIER (Sweden) and Pictet & Cie (Switzerland). On a monthly basis, Consensus Economics, located in the UK, prepares monthly compilations of the economic forecast of 700 international experts covering 115 countries.

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